JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 0.7% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares dropped 0.7% on Wednesday . The company traded as low as $53.44 and last traded at $53.63. Approximately 1,595,931 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 3,668,172 shares. The stock had previously closed at $54.01.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 2.2 %

The company has a fifty day moving average price of $55.77 and a 200-day moving average price of $55.82. The stock has a market capitalization of $20.40 billion, a P/E ratio of 30.59 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.4824 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock valued at $28,000 after purchasing an additional 254 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. Crewe Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the fourth quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after buying an additional 309 shares during the last quarter. Capital A Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $29,000. Finally, Pinnacle Bancorp Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth $31,000.

About JPMorgan Nasdaq Equity Premium Income ETF

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.